Bitmine now holds 5.77 million ETH, equal to 4.8% of ether’s total supply, putting it 96% of the way to its 5% target. The company said its staked ether position has grown to 4.92 million ETH, with projected annualized staking revenue of $242 million.
Key Takeaways
Bitmine raised its holdings to 5.77M ETH, reaching 96% of its 5% ethereum supply target.MAVAN now stakes 4.92M ETH, with projected annualized staking revenue of $242M.Tom Lee says Robinhood Chain could boost ethereum adoption through ETH-based gas fees.Bitmine Immersion has increased its ether holdings to 5.77 million tokens, reinforcing its position as the world’s largest corporate ethereum treasury.
Staked ETH Nears 4.92 Million Russell 1000 Inclusion Broadens Investor BaseBitmine was added to the Russell 1000 Large-cap Index on June 26 as part of the index’s annual reconstitution. Lee said the inclusion is expected to bring hundreds, and potentially thousands, of additional institutional investors into Bitmine’s shareholder base.
Lee also pointed to the launch of Robinhood Chain as a positive signal for ether usage.
